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Forget gold. Aluminium is the real metal of the moment

For the last 25 years, Beijing has single-handedly supplied the world’s incremental demand for the metal.

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Planes and iPhones, window frames and soda cans, electric cars and appliances all depend on aluminium.

Planes and iPhones, window frames and soda cans, electric cars and appliances all depend on aluminium.

PHOTO: REUTERS

Javier Blas

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It lacks the effervescence of copper and the geopolitical allure of rare earths – yet aluminium is the metal of the moment.

Key to modern life and everywhere in the global economy, it is entering a make-or-break phase: Either the world is sleepwalking into a supply crisis or further into the hands of China. Or, more worryingly, both.

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